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538 Palm Drive

538 Palm Drive, Glendale, CA 91202
Property in Glenwood
Sold Jun 30, 2021
$1,080,000
$788,000 by Amwest Funding Corp
Mortgage Due Apr 01, 2052
Sold Nov 21, 2012
$480,000
$490,320 by Pacific Mercantile Bank
Mortgage Due Dec 01, 2042
538 Palm Drive has been categorized by the local assessors in Glendale, CA as a residential type of property. The building on the property was first built in 1922 and is 102 years old. However, we must point out that the home was most recently renovated and altered in 1970. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 538 Palm Drive has 1,901 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,210 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 5,931 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 538 Palm Drive sold most recently in Jun 17, 2021 for a total of $1,080,000. If you work out the math, that's approximately a cost of $568.12 per sqft. Before that, the property was also sold for $480,000 in Oct 15, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $12,222 in taxes each year. 538 Palm Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,123,631. If we break it down further, the land itself was valued at $898,905. Improvements to the property, however, were assessed at a total of $224,726. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Parking

Detached Garage
RV Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,931
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,901
  • Building Area: 1,901
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,901
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 4537
  • Land Acres: 0.136
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 4537 LOT/SEC 14

Ownership

  • Current Owner : HARACHIAN ARA H
  • Current Owner 2: HARACHIAN BONNIE H
  • Previous Owner : GONZALES FREDERICK JOHN M
  • Previous Owner 2: GONZALES HORSHEY MACLANG
  • Owner Before Previous Owner: FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Glendale Unified School District
  • Census Tract: 301206

Zoning

  • Zoning: GLR4YY

Geography

  • Assessors Map Reference: 25-B2
  • Subdivision Tract Number: 4537
  • Parcel: 5636-002-030
  • Lot: 14
  • Municipality: NORTH /GLEN NO KENNETH
  • Latitude: 34.1614
  • Longitude: -118.266

    Address

  • Full Address: 538 Palm Dr
  • Address - House Number: 538
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Glendale
  • Carrier Code: C002
  • 4-Digit Zip Code: 2827
  • Zip Code: 91202

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,222
  • Tax Rate Code Area: 04-045

    Appraisal Valuation

  • Standard Deviation: 0.2203
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,325,733
  • High Value: 1,617,819
  • Low Value: 1,033,646

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $788,000
  • First Open Lien Mortgage Lender: AMWEST FUNDING CORP
  • First Open Lien Mortgage Recording Date: Mar 09, 2022
  • First Open Lien Mortgage Loan Amount: $788,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,123,631
  • Assessed Land Value: $898,905
  • Assessed Improvements Value: $224,726

    Sales

  • Current Sale Contract Date: Jun 17, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Transaction ID: 11841095516
  • Current Sale Price: $1,080,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1025566
  • Previous Sale Recording Date: Nov 21, 2012
  • Previous Sale Contract Date: Oct 15, 2012
  • Previous Sale Amount: $480,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MBSRU INC
  • First Mortgage Transaction Date: Jun 30, 2021
  • First Mortgage Loan Amount: $756,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jul 01, 2022

    Previous Mortgages

  • Previous Mortgage Lender: PACIFIC MERCANTILE BANK
  • Previous Mortgage Transaction Date: Nov 21, 2012
  • Previous Mortgage Loan Amount: $490,320
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Dec 01, 2042

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Frequently Asked Questions

What neighborhood is 538 Palm Drive located in?
The 538 Palm Drive is a located in the neighborhood of Glenwood in Glenwood, Glendale.
What is the average sales price for listings in 538 Palm Drive?
The average sales price for units in 538 Palm Drive is $0 currently.

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